Captive Insurance Program Manager

Metropolitan Companies is looking for a Captive Insurance Program Manager to join our team! The Captive Insurance Program Manager will manage the captive insurance program as well as work with consultants and legal teams to ensure compliance. We have a competitive package that includes benefits (medical, dental, vision, life, short- and long-term disability), holiday pay, paid time off, bonus, 401k, and more. If you are flexible, motivated and want to join a dynamic company, then this is the role for you!

Responsibilities:

• Maintain and manage the captive insurance program.
• Work with external consultants, legal teams, and regulatory authorities to ensure the growth, scalability and compliance of the captive insurance program.
• Monitor the captive insurance program financials, ensuring the balance between risk transfer and financial performance is achieved.
• Coordinate with CFO/General Counsel on risk management and financial objectives to optimize premium savings and captive performance.
• Analyze and report on loss ratios, claims reserves, and performance indicators to senior leadership.
• Drive the strategic planning of captive insurance program to align with organization’s broader business goals.
• Provide input on risk tolerance and how it affects insurance decision-making.
• Explore opportunities for expanding the captive’s coverage or services to further support operations and reduce external insurance costs.
• Preform market research for premium benchmarking and policy renewals.
• Manage vendor and partnerships with third-party brokers, underwriters, service providers, and adjusters.
• Aid in the negotiation of terms with reinsurers and brokers to secure cost-effective reinsurance programs.
• Present quarterly financial and performance reports to leadership.
• Ensure the efficient use of the captive to maximize cost savings while maintaining adequate reserves for potential claims.
• Forecast financial needs for future premiums and assess capital requirements.

Requirements:

• Bachelor’s Degree in Business Administration, Finance, Risk Management, or related field.
• 7 years of captive insurance experience.
• Knowledge of insurance regulations and compliance.
• Excellent communication skills both written and verbal.
• Proficient in Microsoft Office (Word, Excel, PowerPoint).

Benefits:

• Medical/Dental/Vision Insurance
• Voluntary Benefits (Life Insurance, Short-term & Long-term Disability)
• Health Savings Plan (HSA)
• 401k Plan
• Holiday Pay
• Paid Time Off
• Bonus Program
• Employee Referral Bonus

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Monday to Friday

Work Location: In person